Ford doubles down on threat to cut off energy to U.S. amid spectre of trade war
Newly re-elected Premier Doug Ford doubled down Monday on his threat to cut off electricity flowing from Ontario to several American states if the U.S. moves ahead with tariffs.
“If they want to try to annihilate Ontario, I will do anything — including cutting off their energy — with a smile on my face,”
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Read MoreWhy Donald Trump's trade war could spark a global financial market meltdown
Even before Donald Trump shattered the idea of a western alliance over the weekend, an uneasy spectre had begun to roil through the global economy.
As with the onset of any major downturn, global stock and bond markets have begun jumping at shadows, nervously over-reacting to even minor blips in economic events while simultaneously attempting to digest what just a few months ago seemed unimaginable.
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Read MoreTrade War Fears Send Stocks Sinking After Trump Says Tariffs On Canada, Mexico Will Start
Trump said on Monday afternoon, March 3, that the US will impose 25 percent rates on imports from the two neighboring nations and the United States’ primary trading partners, effectively quashing any last-minute hopes for a negotiated agreement.
“There’s no room left for Mexico or for Canada” to negotiate to prevent the tariffs from taking effect on Tuesday,
Read MoreOptions traders are bracing for a stock-market crash
Last Updated: March 3, 2025 at 5:24 p.m. ET
First Published: March 3, 2025 at 12:50 p.m. ET
Options traders are bracing for a looming stock-market crash, the latest data from Cboe Global Markets shows.
A dispatch from Cboe Global Markets’ Mandy Xu,
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Read MoreCBN Adjusts Interest Rate, Zenith, Access, GTB, Others Rush to Borrow N34 Trillion
- Between January and February 2025, commercial banks and Deposit Money Banks borrowed an estimated N33.97 trillion from the CBN
- The banks took this action to handle their day-to-day operations and interbank money market liquidity issues.
- The decreasing value of the naira on the foreign exchange market was attributed by experts to the expanding banks’
The Burst
1 Red Hot Latin Growth Stock
About ten years ago, MercadoLibre was a holding in Al Gore’s Generation Investment Management firm. At the time, the Latin e-commerce firm had barely made a dent on the radars of top money managers and traded around $117 per share. Now sitting close to $1,795 per share, the holding has proven to be a massive winner for the asset management firm,
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Read MoreThe Ivy
Buffett Stock at 52-Week Low, Time to Buy?
Before it even had a formal product on the market, Snowflake had achieved a valuation of $3.5 billion, a clear sign of the confidence investors had in the firm’s innovative approach to data warehousing and cloud technology.
Snowflake’s disruptive approach to these two items have revolutionized the way organizations manage and use their data.
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Read MoreThe Spotlight
Scintillating Growth Stock Scooped Up by Billionaire
Stanley Druckenmiller, net worth $6.4 billion, is widely considered one of the world’s best investors. His biggest claim to fame is the fact that in its 30 years of operation, Druckenmiller’s hedge fund Duquesne Capital never had a down year.
Druckenmiller closed his hedge fund after the global financial crisis and opened a smaller,
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